Originally published on ILSR.org
Nearly seven gigawatts of new power generation capacity came online in the second quarter of 2021. Renewable energy generation capacity growth was comparable to last quarter, while new fossil gas construction dropped dramatically. In four of the last eight quarters, the fossil gas contribution to new power generation capacity has been less than 10 percent. It has been two years since fossil fuel plants made up the majority of quarterly added generation capaci [...]
The U.S. could add 10,000 MW of large-scale battery power capacity from 2021-23 – 10 times the total in 2019 – according to a new report by the U.S. Energy Information Administration.
EIA expects most of the new storage capacity to come from systems co-located or connected to solar projects. By the end of 2020, most large-scale battery storage systems were built as standalone facilities.
Based on planned projects by utilities over the next two years, U.S. battery storage that is co-loc [...]
Today, Summit Ridge Energy (SRE) announced that it has entered into a joint venture with Osaka Gas USA Corporation (OGUSA), a subsidiary of Osaka Gas Co., Ltd., to construct, own and operate over 120 MW of community solar projects throughout the state of Maine.
Once operational, the portfolio of 20+ distributed solar farms will generate enough clean energy to provide approximately 11,000 residential and commercial customers with monthly utility saving [...]
EPC says there is continued large-scale project growth in the Northeast
Today, CS Energy announced that it is providing full turnkey EPC services for the largest portfolio of distributed generation solar projects to date in Rhode Island. When completed, this 50-MW portfolio will push CS Energy’s total to over 100 MW of clean power projects in the state over the last 5 years. The latest portfolio will generate lower-cost solar energy for a local university and contribute to the state’s tar [...]
Hoosier Solar Holdings said last week that it is developing solar power facilities in economically distressed, rural communities across Indiana that have been designated as Qualified Opportunity Zones.
Several solar and battery storage projects that collectively have a potential capcity of more than 1,600 megawatts (1.6 GW) are currently in active development, said the company. Many of these projects are expected to be operational by 2023.
Indiana’s 156 Opportunity Zones, in 58 co [...]
MISO planning resource auction prices for the 2021 planning year did not live up to their expectations from 2020 auction results. In the 2020 auction, the Michigan zone cleared at a cost of new entry of $250-per-MW-day. But in the latest auction results from April, MISO capacity prices were mostly in the $5-per-MW-day range, and in some South zones, they were at $0.00. These capacity prices are hardly incentivizing either renewable energy developers such as solar or energy storage developers. Be [...]
Texas, already the U.S. state with the most wind energy capacity, is catching up to California in utility-scale solar capacity, according to the U.S. Energy Information Administration, Detailed State Data, Preliminary Monthly Electric Generator Inventory. California currently has the most installed utility-scale solar capacity of any state.
According to survey reports on EIA’s Preliminary Monthly Electric Generator Inventory, Texas will add 10 gigawatts (GW) of utility-scale solar capacity [...]
By Jeff Opperman, Michele Thieme, Rafael Guevara Senga, Amit R. Dalal and Pramod Jain,
In parallel to the internet technology revolution there is another revolution taking place: the power generation industry is fast decarbonizing, moving inexorably from fossil fuels to low carbon sources; maintaining, or even improving, efficiency and reliability even as the leading generation sources are variable renewable energy (VRE). And although this revolution is generally framed as crucial for stabili [...]
Research firm Wood Mackenzie says it anticipates the global wind power industry will install 1 TW of new capacity between 2021 and 2030.
The world set a new record in wind installations in 2020 and saw a number of national and regional targets set for 2030, underscoring the important role of wind technology in the energy transition, according to Wood Mackenzie.
Despite the growth in the wind energy market, there is a need for the enactment of new policies or revision of existing targets to [...]
The world added more than 260 GW of renewable energy capacity last year, exceeding expansion in 2019 by close to 50%, despite the economic slowdown that resulted from the COVID-19 pandemic, according to data from the International Renewable Energy Agency (IRENA).
IRENA’s annual Renewable Capacity Statistics 2021 shows that renewable energy’s share of all new generating capacity rose considerably for the second year in a row. More than 80% of all new electricity capacity added la [...]
American multinational technology company Apple has announced that its 2020 green bonds will support the installation of 1.2 GW of renewable energy capacity.
The company funded 17 green bond projects, from the $4.7 billion in green bond funding the company issued since 2016. From its green bond portfolio, Apple has so far allocated $2.8 billion to projects.
In 2020, Apple has funded the development of 350MW of new energy generation capacity in Nevada, Illinois, Virginia, and Denm [...]
According to an analysis by the SUN DAY Campaign of data just released by the Federal Energy Regulatory Commission (FERC), U.S. electrical generating capacity by renewable energy sources (i.e., biomass, geothermal, hydropower, solar, wind) has now - for the first time - surpassed that of coal. [...]
Solar is breaking into a power market that’s long been the domain of big, conventional generators. A key reason: batteries. [...]
Wind and solar accounted for more than 98 percent of all new U.S. electrical generation placed into service in the first two months of this year. [...]
It has almost become a foregone conclusion that China’s solar PV market will see its first year of negative growth in new installed capacity in 2018. [...]
Today we spend the entire show talking about the size of the solar market. How much solar generating capacity is installed; how much solar manufacturing capacity exists; and how much solar is held in China, the largest solar market in the world.
Ugo Salerno, CEO of RINA Consulting explained in an interview that to date Egypt gets only 1 percent of its energy from renewables. With Salerno’s company’s help, however, Egypt will soon be the home of one of the largest solar PV projects in the world. [...]
Proposed net additions to generating capacity by utility-scale wind and solar in the U.S. could total 116 GW by December 2020 — effectively doubling their current installed capacity of 115.5 GW, according to the latest issue of the Federal Energy Regulatory Commission’s Energy Infrastructure Update, with data through Nov. 30, 2017. [...]